2022
Exports
$1.4BWorld Rnk 43 / 160
Flag Rnk 21 / 1206
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$10.6BWorld Rnk 15 / 222
Flag Rnk 1 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.4B in Petroleum Gas, making it the 43rd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 21st most exported product in Hungary. The main destination of Petroleum Gas exports from Hungary are: Serbia ($545M), Ukraine ($396M), Romania ($340M), Croatia ($65.9M), and Austria ($30.2M).

The fastest growing export markets for Petroleum Gas of Hungary between 2021 and 2022 were Serbia ($503M), Romania ($317M), and Slovakia ($2.09M).

Imports In 2022, Hungary imported $10.6B in Petroleum Gas, becoming the 15th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most imported product in Hungary. Hungary imports Petroleum Gas primarily from: Russia ($5.58B), Austria ($2.27B), Romania ($1.29B), Croatia ($1.1B), and Slovakia ($141M).

The fastest growing import markets in Petroleum Gas for Hungary between 2021 and 2022 were Russia ($3.95B), Austria ($1.64B), and Romania ($1.14B).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Petroleum Gas. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.4B
IMPORTS (2022)$10.6B
NET TRADE (2022)-$9.21B

In 2022, Hungary exported $1.4B in Petroleum Gas. The main destinations of Hungary exports on Petroleum Gas were Serbia ($545M), Ukraine ($396M), Romania ($340M), Croatia ($65.9M), and Austria ($30.2M).

In 2022, Hungary imported $10.6B in Petroleum Gas, mainly from Russia ($5.58B), Austria ($2.27B), Romania ($1.29B), Croatia ($1.1B), and Slovakia ($141M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Serbia$503M (1.19k%)
Romania$317M (1.37k%)
Slovakia$2.09M (85.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Hungary WERE (2021 - 2022):
Ukraine-$407M (-50.7%)
Austria-$82.7M (-73.2%)
Croatia-$61.4M (-48.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Petroleum Gas were:
In 2022, Hungary's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCroatia+ $28.1M
TOP IMPORT POTENTIALGermany+ $44.5M

Petroleum Gas’s highest export potential is Croatia. With an export gap of $28.1M.   Petroleum Gas’s highest import potential is Germany with an import gap of $44.5M.

See methodology.

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